ADB: China's Slowing Growth to Hit Asia's Developing Economies

Bank Expects China's Economy to Expand by 7.5% This Year and 7.4% in 2014

BEIJING—China's economic growth will slow to 7.5% this year and 7.4% next year as authorities try to rebalance the economy, and that will weigh on overall growth in Asia's developing countries, the Asian Development Bank said Tuesday.

In its Asian Development Outlook 2014, the bank said that growth in the developing countries of the Asian region will still show stronger growth over the next two years, but this will be dependent on China's ability to smoothly contain internal credit growth as well as the expected continued...